The 10-second takeaway
For the quarter ended Dec. 31 (Q4), UIL Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins expanded, operating margins contracted, net margins expanded.
UIL Holdings logged revenue of $373.9 million. The three analysts polled by S&P Capital IQ predicted revenue of $426.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $334.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.42. The four earnings estimates compiled by S&P Capital IQ predicted $0.46 per share on the same basis. GAAP EPS of $0.41 for Q4 were 95% higher than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.8%, 490 basis points better than the prior-year quarter. Operating margin was 12.1%, 120 basis points worse than the prior-year quarter. Net margin was 5.7%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $644.0 million. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $1.68 billion. The average EPS estimate is $2.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 61 members out of 65 rating the stock outperform, and four members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give UIL Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UIL Holdings is hold, with an average price target of $34.86.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.